Ventas, Capital One Reported to Bid on GE Capital Healthcare

Bloomberg News reports emerged Thursday indicating that Ventas, Inc. (NYSE: VTR) has entered a bid for General Electric Co.’s multi-billion dollar health care finance unit. Despite the report, sources with knowledge of the matter tell SHN Ventas is not moving forward in the bidding process. It is company policy not to comment on speculation or rumors related to […]

Senior Housing Finance Activity: GE Capital, Berkadia

GE Capital Provides $48.5M Financing for Acquisition of Four Ariz. Senior Care Facilities  GE Capital’s Healthcare Financial Services (HFS) business was the administrative agent and a lender on a $48.5 million financing to a joint venture among LTC Properties Inc., Silverstone Healthcare Real Estate and Senior Lifestyle Corp. The funds were used for the acquisition […]

GE Capital Healthcare Up for Sale, Valued at $11 Billion

Editor’s Note: A previous version of this headline stated that GE Capital is up for sale. It has been revised to clarify that the healthcare services business is being sold.  General Electric Co. is reaching out to potential buyers of GE Capital Healthcare Financial Services, which lends to senior housing among other health care companies. The […]

Senior Housing Finance Activity: Love Funding, Capital One Bank

Love Funding Refinances $11.6M for Mich. AL Love Funding, a provider of FHA multifamily, affordable and healthcare financing, closed a $11.6 million refinancing for Grand Pines Assisted Living Center, a 104-bed assisted living facility in Grand Haven, Mich. Love Funding Midwest Regional Director Bruce Gerhart secured the loan through the U.S. Department of Housing and Urban […]

Healthcare Industry Executives Expect Massive Consolidation Ahead

Just as reimbursement pressures may spur short-term consolidation within the home health sector, the same may be the case for the senior living and broader healthcare industry as well. Both healthcare service providers and product companies operating in the space are facing margin pressures due to challenges of growing revenue and the rising costs of […]

Senior Housing Becoming Mainstream Asset Class for Investors

Senior housing is looking like the ‘flavor of the month’ for investment, its appeal increasing thanks to favorable demographic and performance trends that are expected to continue, investors say. Private equity firm Kayne Anderson Real Estate Advisors has invested more than $700 million into senior housing assets in recent months and believes the sector is […]

Griffin-American Buys CCRC Portfolio in $300M RIDEA Deal

Griffin-American Healthcare REIT II has acquired four continuing care retirement communities located in the Midwest from West Loop Holdings, LLC in a RIDEA-structured deal. The purchase price was about $300 million, according to unnamed sources close to the deal. The involved parties did not disclose the purchase price in documents filed with the Securities and […]

GE Capital Bullish on Assisted Living Growth Next Year

Financial executives primarily in the senior housing and care industries see assisted living as a leading area for growth in the next year, according to a recent survey by GE Capital, Healthcare Financial Services (HFS).  Of the 100 financial executives surveyed by GE Capital HFS, 62% said assisted living will be a significant area for […]

GE Capital Survey: 88% of Healthcare Services Execs Anticipate Q4 M&A

A large majority of healthcare executives expect they’ll pursue mergers and acquisitions before the year is over, according to a recent GE Capital Healthcare Financial Services survey of healthcare services executives. While 43% anticipate pursuing refinancing in the next few months, more than twice as many—88%—executives believe M&A is in their near-term future, according to […]